20 March 2025
The March agent update has been published. The newsletter is great for payroll professionals to scan over monthly for any relevant payroll updates, sometimes ahead of the employer bulletin release.
The guidance contains developments and changes to UK tax legislation and allowances, including:
Tax
- Self Assessment student loan repayments and payrolled benefits in kind
- Changes to company size thresholds for off payroll working
- Update on UK implementation of Multinational Top-up Tax and Domestic Top-up Tax
- The Official Rate of Interest from 6 April 2025
- Repeal of furnished holiday letting (FHL) regime, effective from April 2025
- Lifetime allowance (LTA) abolition — lump sum reporting
- Changes to tax reliefs for Theatres, Orchestras and Museum and Gallery Exhibitions
- Changes to the claims process for the Creative Industries Tax Reliefs
- Launch of enhanced Audio-Visual Expenditure Credit for visual effects costs and independent films
- Extension of National Insurance Contributions Relief for hiring veterans
- Research and Development tax reliefs
- Reserved Investor Fund
Making tax digital
HMRC Agent Services
- HMRC’s new campaign helps customers ‘take the hassle out of their hustle’
- Working together to combat fraud and protect customer data
- Freeport and Investment Zone special tax sites
- Celebrating 20 years of HM Revenue and Customs with Institute of Chartered accountants for England and Wales and Chartered Institute of Taxation
- Help with common risks in transfer pricing approaches recorded webinar
- Advanced electronic signatures for R40, P87, and MATCF print and post repayment claims
Agent online forum and engagement
- Share your thoughts — HMRC umbrella company pay calculator testing
- New service to resolve personal tax queries
- Income Record Viewer — examples of IT issues
- Missing PAYE codes
- Address Rejections
- Suggestions on improvements to GOV.UK information
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.